The International Battery and Energy Storage Alliance has Recently been Established!

The International Battery and Energy Storage Alliance (IBESA) has recently been formed to help facilitate collaboration between solar, electrical energy storage, and smart grid technologies companies. IBESA was created by the International PV Equipment Association (IPVEA) and solar research group EuPD to represent the emerging solar storage sector.

This alliance will help give access to market intelligence, new networks, professional resources, and emerging markets. More than 70 IPVEA members will benefit from this partnership. Markus Hoehner, chief executive of EuPD stated in the press release, “A strong, industry-wide alliance of global players like the IBESA is crucial in order to unify the fragmented electrical energy storage and smart grid markets, as well as to prepare and position them sustainably for the future.”

This alliance will be crucial because having a cost-effective storage technology for solar is imperative for the ongoing roll-out of renewable energy. IBESA aims to promote both PV and its associated storage market to provide benefits to member companies. As other countries follow the lead being shown by Germany in adopting storage technologies, the PV storage market is projected to hit $19 million in 2017. Starting this month Germany is offering a subsidy for PV storage systems, and the country has already formed a national energy storage trade body.